State Minister for Commerce Ahasanul Islam Titu announced that Bangladesh is set to receive 50,000 tons of onions from India, with shipments expected to commence within the next two to three days.
Speaking at a seminar organized by the International Business Forum of Bangladesh on the impact of syndicates and competition on essential prices, Titu reassured that India's recent embargo on onion exports would not affect the agreed deal with Bangladesh. He revealed that Indian onions are already en route to Bangladesh via the Darshana route and are expected to arrive shortly.
The Indian government, despite imposing export restrictions on onions, exempted Bangladesh and five other friendly nations to maintain stability in their domestic markets. Out of the 54,000 tons of onions allowed for export under this exemption, Bangladesh secured the largest share of 50,000 tons.
Titu acknowledged the challenges posed by market volatility, attributing disruptions to various factors such as natural disasters, pandemics, and global conflicts. He emphasized the government's vigilance in monitoring market activities and taking prompt action against any irregularities.
Highlighting government support for vulnerable segments of society, Titu mentioned initiatives like the TCB's family card program, benefiting 10 million families. He advocated for improvements in the supply chain, proper storage facilities for agricultural produce, and the expansion of digital transactions to combat market manipulation effectively.
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